Following on from Bilbu's post on the other thread, news this morning from the SMH suggest the BAM proposal contains a rights issue at a premium to the current price!
"The institutions and Brookfield will pay the same price for the shares issued in the transaction, which will require shareholder approval. There were suggestions the issue price may be above the last closing price of 5.3c, based on a series of metrics other than current trading."
bbi rights issue at a premium to current sp
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